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Europe Day Ahead: Germany debates Spain bailout

July 18 - A look at Thursday's key events including Germany's parliamentary debate on Spain's bailout, Madrid's bond auction, earnings from Nokia and the latest data from the UK high street.

TRANSCRIPT +

Welcome to Europe dad had to look at the key events coming up on Thursday. In Germany the lower house of parliament holds a special section to decide whether to let Spain about to 100 billion euros in loans to help its banking sector that. I have in Spain the treasury hoping to sell three billion euros of medium and longer dated bonds market conditions under investor sentiment towards Spain are souring months again. The ten year yield has been rising all week and is now just under the 7% -- Our ownership picture in France which -- between eight to nine billion euros of bonds. On the UK where yields are at their lowest on record on solid safe haven demand selling faulty unit deals. In corporate news Nokia is expected to post disappointing quarterly results not for profit warning in June -- -- US price cut for the Lumia 900. That's the windows device that was supposed to boost the company's position in America. The Swiss drug giant Novartis also pulled off the pace and dropping core earnings. Analysts polled by Reuters expect -- Fiesta Bowl more than 10% in the second quarter. In the states following the release of the windows eight operating system Microsoft Office quarterly earnings. Continued sales of the office suite likely to cushion the company from -- personal computer sales. I'm Morgan Stanley has topped Wall Street expectations for the last five quarters and we'll try to keep that record going in Q2 analysts looking for profit of forty course since the shaft. The fixed income business could take a significant hit between large exposure to Spain passed -- In world news Syria once again in focus has battles raged within sight to the Presidential Palace. Syria's defense minister and president Assad's brother in law had been killed today in the suicide bomb attack by a bodyguard. Explosion appears to be part of a coordinated assault on the fourth day of fighting in the capital. Which rebel fighters have -- deliberation all Damascus. I'm on the economic front UK retail sales which you know full cost of rise by an annual rate of 2.4 percent unchanged on the increase a month early yet. -- weather has been hampering sales of summer clothing but falling inflation and Britain's radical left interest rates should help retailers coming -- Finally ends for the world's top golfers tee off tomorrow at royal live and some downs for the British Open Tiger Woods the favorite to add to his fourteen major titles. He hasn't won a major since 2008. But he'll have his work cut out that -- whether it's that woods describing the course as almost un playable and pops up. Plus a look at the day heads to follow all our shares on Twitter at Reuters Insider. I'm Nigel Stephenson thinks is Rutgers.

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